Research

At B. Riley, our research process is an interactive one where we perform extensive due diligence on companies until the analyst develops the knowledge base and understanding of the company and the industry to make a recommendation. Our analysts continuously monitor industry developments and communicate with the management, competitors, suppliers and customers of the companies we follow, regularly communicating our findings through Research Updates and daily Morning Notes.

While we do not necessarily publish research on all of the companies we review, the knowledge base and understanding of many of our monitored companies parallels that of our covered companies. We actively cover over 100 companies and monitor an additional 100. Our analysts cover small to mid-cap companies that are under-followed or misunderstood by Wall Street. We believe that the pricing of small cap equities is frequently inefficient, and therefore provides the greatest potential rewards to diligent security analysis.

This Week's Research

  • 10/20/14 Update PII ($143.50, Buy; $160.00 PT): Dealer Survey Suggests Continued ORV Share Gains Despite Sluggish ACE Sell-Through; Notable Improvement in Dealer…
  • 10/20/14 Morning Note B. Riley & Co. Morning Notes: CAMP, CTG, KMB, MEI, SGGH, SIX, YHOO; Consumer Products Weekly (EL, MAT, NTRI, NWL, WDFC), Semiconductors & Semi. Cap.…
  • 10/20/14 Update CTG ($10.33, Buy; $14.25 PT): Q3 '14 Earnings Preview; Reducing Price Target from $16.25 to $14.25; Reiterate Buy Rating
  • 10/20/14 Update SIX ($33.85, Buy; $50.00 PT): Q3 ’14 Earnings Preview; Think Our Estimates Are Conservative Enough
  • 10/20/14 Update Industry Update - Semi+Semi Cap Week #2 Preview: TXN, BRCM, LRCX, SLAB, MXIM, KLAC, MTSN
  • 10/20/14 Update Household/Personal Care: Weekly Highlights (EL, HELE, MAT, MED, NTRI, NWL, WDFC)
  • 10/20/14 Update YHOO ($38.45, Buy; $45.00 PT): Earnings Preview – Expect In Line; Focus on Use of Cash and Tax Efficiency of Proceeds; Expect Estimates to Decline
  • 10/17/14 Update MEI ($35.47, Buy; $47.00 PT): Management Meetings Highlight Game Changing Opportunities & Focus on Continued Margin Expansion; Buy This Dip
  • 10/17/14 Update NTCT ($31.90, Buy; $54.00 PT): Reports Q2 ’15 Results and Reaffirms FY ’15 Guidance; Incremental Insight Into Recent Acquisition; Reiterate Buy…
  • 10/17/14 Update FN ($14.85, Buy; $20.00 PT): Upgrading from Neutral to Buy based on Solid/Strong Results/Outlook for F4Q/F1Q; Lowering PT from $21.00 to $20.00
  • 10/17/14 Update UTEK ($21.84, Neutral; $25.00 PT): Steep 2H14 Revenue Ramp Has Risks; Investors Focused On LSA Future
  • 10/17/14 Update AFOP ($12.82, Neutral; $14.75 PT): Earnings Preview: Expect In Line 3Q/4Q Results/Guide; Waiting for Incremental Growth; Reducing PT from $18.00 to…
  • 10/17/14 Update MAT ($29.62, Neutral; $35.00 PT): Trimming EPS Estimates by $0.05 But Maintaining $35 PT
  • 10/17/14 Update SNDK ($80.00, Buy; $105.00 PT): Pricing And GM Improving, Supply Is Next; PT To $105.0, Shares Remain Buy
  • 10/17/14 Update GOOGL ($524.75, Buy; $632.00 PT): Beats Our Estimates but Misses Consensus; Underlying Trends Strong; Increasing Estimates and PT Increases from $627.00…
  • 10/17/14 Update WDFC ($67.93, Buy; $94.00 PT): Input Cost Tailwinds--Raising Estimates and PT from $91 to $94
  • 10/17/14 Update ITI ($1.62, NR): Light systems segment in Q1, but backlog is building; growing sensors; iPerform is gradually gaining and should ramp to critical…
  • 10/17/14 Morning Note B. Riley & Co. Morning Notes: AFOP, EBAY, FN, GOOGL, ITI, MAT, NTCT, OUTR, SNDK, UTEK, WDFC
  • 10/16/14 Update EBAY ($47.90, Buy; $64.00 PT): 3Q Hits Expectations But Guidance Falls Short-Attention Diverted To Spin
  • 10/16/14 Morning Note B. Riley & Co. Morning Notes: ASML, CTP, WYY; Optical Components (EMKR, FNSR, JDSU, OPLK)
  • 10/16/14 Update ASML ($91.82, Neutral; $84.00 PT): Strong Backlog Growth An Intermediate-Term Plus; Retain Neutral Rating
  • 10/15/14 Update GOOGL ($548.69, Buy; $627.00 PT): Earnings Preview: Reducing Estimates for FX; Fundamentals Strong w/ Focus on FX, Europe and “Double Irish”;…
  • 10/15/14 Update LLTC ($38.50, Neutral; $40.00 PT): F1Q15 First Take: A Slight Miss/Lower But Not A Big Inventory Correction
  • 10/15/14 Update WWWW ($18.58, Neutral; $17.00 PT): Competition in Non-VAS Segment Increasing as GoDaddy Steps up Marketing Spend; Maintain Neutral and Reducing PT…
  • 10/15/14 Morning Note B. Riley & Co. Morning Notes: GOOGL, INTC, LLTC, MAT, SWKS, WDFC, WTSL, WWWW, ZQK
  • 10/15/14 Update INTC ($32.80, Buy; $40.00 PT): Predictability Returning, C15 Should Be Even Better; PT Is $40.0
  • 10/15/14 Update SWKS ($50.10, Buy; $68.00 PT): Positive Pre Brings Target Model’s $5.0 In EPS Into View; PT To $68.0
  • 10/14/14 Update NTCT ($39.16, Buy; $54.00 PT): Enters Definitive Agreement to Acquire Danaher’s Communications Business; Reiterate Buy Rating and $54.00 Price Target
  • 10/14/14 Update EBAY ($50.46, Buy; $64.00 PT): Still Recovering Marketplaces May Hurt 3Q Performance
  • 10/14/14 Morning Note B. Riley & Co. Morning Notes: EBAY, EGHT, GSM, INTC, MCHP, NTCT, SWKS
  • 10/14/14 Update EGHT ($5.84, Buy; $8.00 PT): Upgrading from Neutral to Buy on Selloff; PT Unchanged at $8.00